Pretzeimania, Incorporated, issues 7%,10-year bonds with a face amount of $70,000 for $70,000 on January 1,2024 . Interest is paid semiannually on June 30 and December 31. Required: 1. \& 2. Record the bond issue on January 1,2024 and first interest payment on June 30, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet